An official said that there were stringent norms at MDL on data security.
India's largest warship builders -- Mazagon Dock Ltd, Mumbai; and Garden Reach Shipbuilders & Engineers, Kolkata - have prevailed over the Indian Navy's objections. MDL and GRSE will divide between them the entire order for seven improved stealth frigates, code-named Project 17A.The Navy was insisting that the first two frigates of Project 17A be built abroad, so that MDL and GRSE could learn how to build ships using new modular methods that are preferred by European shipyard
The Navy commander also said that as many as 39 naval ships and submarines are currently being constructed in various Indian shipyards that are expected to significantly boost India's maritime prowess.
AIP or Air Independent Propulsion system allows the vessel to stay underwater for a longer duration.
India's total value of defence production breached Rs 1 trillion-mark in the fiscal year 2022-23 (FY23), up 12 per cent year-on-year (YoY). At the bourses, this has been well reflected in related-stocks from the sector as they gained considerable ground during this period. Shares of Hindustan Aeronautics (HAL), Mazagon Dock Shipbuilders, MTAR Technologies, Bharat Electronics (BEL), and Bharat Dynamics (BDL) have skyrocketed up to 160 per cent in a year, as against a 14 per cent jump in the S&P BSE Sensex.
The Mazagon Dock Shipbuilders in Mumbai on Wednesday launched INS Vagsheer, the last of the six submarines under Project 75.
Stocks of small- and mid-cap companies continued to gain ground in July, notwithstanding analysts sounding caution on these two market segments given the sharp run thus far in calendar year 2023 (CY23). Sanjeev Prasad, co-head of Kotak Institutional Equities, in a note co-authored with Anindya Bhowmik and Sunita Baldawa in June-end, had cautioned against the sharp run in small- and mid-caps. "We do not see any particular reason for the excitement in small- and mid-cap stocks.
With the Indian Navy's requirement of conventional submarines standing at 24, there is critical need to expedite the planned acquisition of six more conventional submarines.
INS Karanj is the third Kalavari-class submarine to be commissioned into the Navy. The diesel-electric submarines based on the Scorpene design are also referred as Scorpene class submarines.
The state-of-the-art features of this Scorpene class submarine include superior stealth and the ability to launch a crippling attack on the enemy using precision guided weapon.
Air India sale will give a boost to India's privatisation drive, the Economic Survey said on Monday, as it suggested redefining the public sector role in business enterprises to encourage private participation in all sectors. The government earlier this month handed over ownership rights in national carrier Air India to Tata Group for Rs 18,000 crore. The amount includes the takeover of the debt burden of Rs 15,300 crore and another Rs 2,700 crore in cash.
INS Khanderi, the second Scorpene-class submarine that can attack with torpedoes as well as tube-launched anti-ship missiles whilst underwater or on surface, was launched at the Mazgaon Dock Shipbuilders Ltd in Mumbai in January 2017.
Public-sector enterprise stocks have seen a good run thus far in 2023-24 (FY24), with the S&P BSE PSU Index surging by over 26 per cent during the period, compared to an 11 per cent increase in the benchmark S&P BSE Sensex.
Singh said the warship's commissioning will boost India's maritime power.
The fast interceptor craft delivered can patrol the coastline at a scorching speed of 45 knots.
The government has cleared the indigenous construction of seven stealth frigates and six nuclear-powered submarines to bolster naval power.
The most important positive of India's stealth bull market is earnings growth across different sectors, explains Debashis Basu.
Though the government says public and private shipyards compete on equal terms, public shipyards feast at the high table with the defence ministry, with only scraps being tossed to private shipbuilders.
This is the fourth of the six submarines the Indian Navy is to induct under the Kalvari-class submarine Project-75.
A weak economy coupled with rising Covid-19 cases and inflation that is above RBI's comfort zone, geopolitical developments, and upcoming India Inc's second quarter results for FY21 could impact sentiment, analysts say.
New Delhi had proposed during the 2+2 dialogue in April that the US navy could avail of the services and expertise of Indian shipyards.
It is the first warship to have been named after a city from the Northeastern region, the approval for which was accorded by the President in April 2019.
Indian Navy Chief Admiral R K Dhowan enumerated a three-pronged strategy to counter the country's minified submarine fleet.
The leaked documents include details of submarine's underwater sensors, above-water sensors, combat management system, torpedo launch system and specifications, communications system and navigation systems.
The move towards indigenisation of defence procurement creates new opportunities for India's military industrial sector. The Government of India (GoI) has so far released five lists of items for positive indigenisation - these should be manufactured in India, rather than imported. Each item on these lists represents an opportunity for some local firm.
In yet another accident involving the Navy, one civilian worker was killed and two were injured in an accident at the under-construction nuclear submarine at the shipbuilding centre of Eastern Naval Command in Visakhapatnam on Saturday night.
The warships will be armed with BrahMos supersonic cruise missiles which can reach targets 295 km away.
Insufficient technology has been transferred during the ongoing Project 75, which involves building 6 Scorpene-class submarines.
Warship building projects worth at least Rs 630 billion have ground to a standstill. The defence ministry has halted tendering in wait for a government decision on whether to allow, or to exclude, Anil Ambani's shipbuilding firm from those contracts.
Navy chief Admiral Sunil Lanba's wife Reena Lanba launched the submarine, which has been constructed by shipbuilder Mazagon Dock Limited in Mumbai.
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Barring one, three are debt-free and sitting on large cash reserves.
Pawan Hans, Dredging Corp on list to meet target of Rs 800 bn for 2018-19
The Indian Navy is constrained by its lowest budgetary allocation since 2011-2012, reveals Ajai Shukla.
'The F-21's capabilities far exceed all other torpedoes currently in service.'
Defence Minister Manohar Parrikar immediately ordered the navy chief to personally inquire into what this meant for India's maritime security.
Still, there remains a worrying shortfall of frigates, which are the navy's workhorses. 'We need to have at least 24 frigates,' says a senior admiral. 'Currently we are 10 short.'
The status of the current submarine force level is alarming and we need to address the threat perceptions expeditiously. Critical decisions pertaining to national security cannot be delayed any further due to the rapidly changing maritime threat perceptions and growing strategic importance of the Indian Ocean region, asserts Commodore Venugopal Menon (retd).
The most remarkable feature of these warships is that, tonne-for-tonne, they are not only one of the world's most heavily armed but also one of the cheapest.
The defence ministry has lost sight of what it intended to achieve -- which was to nurture private defence firms that would compete on equal terms with the 9 defence PSUs and the 41 Ordnance Factory Board factories.
The navy's plan to build three Russian Talwar-class frigates has a less than wholesome odour.
